Common use of Confirmation of Security Documents Clause in Contracts

Confirmation of Security Documents. Each Credit Party hereby confirms and agrees that (a) notwithstanding the effectiveness of this Amending Agreement, the obligations of such Credit Party under each of the Security Documents to which it is a party shall not be impaired and each of the Security Documents to which such Credit Party is a party is, and shall continue to be, in full force and effect and is hereby confirmed and ratified in all respects, in each case, as amended hereby or any other Facility Document; and (b) its guarantee of the Facility Indebtedness (if applicable), and the pledge of and/or grant of a security interest in its assets to secure the Facility Indebtedness (if applicable), all as and to the extent provided in the Security Documents, shall continue in full force and effect in respect of, and to guaranty and secure (as applicable), the Facility Indebtedness and shall accrue to the benefit of the Agent and the Lenders. Without limiting the foregoing, the parties acknowledge and agree that each Guarantee shall be deemed to have been entered into in favour of the Agent, and not Extract Capital LLC, and that the Agent shall be deemed to have been a party thereto as if it was the “Agent” (as defined therein) from and after October 6, 2023.